Karnataka Deputy Chief Minister G Parameshwara today said confusion regarding cabinet expansion and portfolio allocation between coalition partners, Congress and JD(S), would be cleared and they would arrive at a final decision soon.
The 15th Finance Commission today said it was not against any state and would come out with a "fair, rational and reasonable" decision on devolution of funds. The assertion comes amid apprehensions raised by some non-BJP ruled states that the Terms Of Reference (ToR) of the commission would adversely affect them.
Chief Minister Arvind Kejriwal today wrote to Prime Minister Narendra Modi requesting him to direct the Railways to provide rakes for transporting coal to power plants in Delhi-NCR, which are facing "alarming level" of coal shortage. The national transporter, however, today said Delhi need not worry as adequate coal is being supplied to the power plants.
Thousands of farmers today drove down to the office of the local authorities in Samrala, Ludhiana to hand over the keys of their tractors as part of a unique protest against the rising diesel prices.
The Telugu Desam Party (TDP) today adopted a new political resolution in which it lambasted the Modi government for its "dictatorial" attitude and vowed to unite regional parties to take on the BJP in the 2019 Lok Sabha polls. The resolution read: "The Centre is weakening the financial condition of states... The unilateral style of functioning of the Modi government has led to loss of trust of states in the central government. The states feel that the concept of federalism is only on paper."
HDFC Mutual Fund today picked up 1 percent stake in Vardhman Textiles for over Rs 71 crore through an open market transaction. The fund house bought 5.73 lakh shares, amounting to 0.99 percent stake in the textile firm, according to the bulk deal data available with the BSE.
Regulator SEBI today banned two brokers -- F6 Finserve and F6 Commodities -- and their eight former and present directors from the securities market "till further directions" in a matter related to misutilisation of funds and securities of clients. Among the eight directors are Pankaj Goel, Parveen Sharma, Meenu Goel, Sanjay Anand, Kavita Anand, Asha Sharma, Deepak Goel and Ruchika Goel.
IndiGo hasannounced fuel surcharges to counter the recent upward surge in oil prices, reported CNBC TV18. The surcharge will be applicable on domestic trips and it will be effective from the midnight of May 29. A sum of Rs 200 will be added on routes with less than 1,000 km distance.
Public sector ITI Limited is targeting to come out with fresh issue of shares through a follow on public offer (FPO) between coming July and August, its Chairman and Managing Director S Gopu said today.
The United Arab Emirates (UAE) has banned imports of fresh vegetables and fruits from Kerala where 13 people have died due to an outbreak of the rare brain-damaging Nipah virus, the Gulf state said on Tuesday. The UAE's Ministry of Climate Change and Environment also notified other local authorities, including the Abu Dhabi Food Control Authority and the municipalities of its emirates, to prevent the entry of any fresh produce from Kerala, it said in a statement.
Reliance Infratel has reached an agreement with its minority shareholder HSBC Daisy Investments (Mauritius) to settle a dispute over non-payment of dues, paving the way for sale of the firm's telecom tower business to clear bank loans. Following the development, the Anil Ambani led firm withdrew its petition from the National Company Law Appellate Tribunal (NCLAT) seeking permission to sell its tower and fibre assets.
Air Asia India Limited (AAIL) refutes any wrong-doing andis co-operating with all regulators and agencies to present correct facts. In November 2016, AAIL had initiated criminal charges against its ex-CEO and also commenced civil proceedings in Bangalore: Air Asia India on CBI case
